The UAE and Iraq have announced that they will work together on reconstruction and investment projects totalling $3 billion, according to a joint statement from the two governments, released on Sunday.
Iraqi Prime Minister Mustafa Al Kadhimi’s visit to the UAE strengthens the “bridge of ties” between the two countries, Sheikh Mohamed bin Zayed, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the Armed Forces said.
The UAE has played a leading role in the multinational effort to rebuild the partially devastated city of Mosul, with a particular focus on restoring the city's ancient cultural heritage, including the famous Al Nuri Mosque and the leaning Al Habda minaret.
In 2018, the United Nation’s cultural agency, Unesco and the UAE teamed up to rebuild the 800-year-old Al Tahera church.
Later they extended the project to include the restoration of Al Saa’a Church in the northern Iraqi city.
"The two sides agreed on the importance of developing and strengthening cooperation in economic fields, developing trade and increasing trade exchange, encouraging the flow of investment between the two countries, inviting businessmen from the two countries for exchange visits, establishing the Iraqi-Emirati Business Council, and facilitating all measures that serve the interest of the two countries", the joint statement said.
"In this context, the UAE announced its investment of three billion dollars for the brotherly Republic of Iraq."
Trust and loyalty
Mr Al Kadhimi landed in Abu Dhabi on Sunday on his first official visit to the UAE. He led a delegation of top Iraqi officials including Foreign Minister Fuad Hussein.
“You have honoured us in being here, we have built our relationship based on trust and loyalty. We know that Iraq is going through tough times, we will support you and we are close to each other, in each other’s hearts,” Sheikh Mohamed said while speaking to Mr Al Kadhimi, in a video released by the UAE government.
Iraq is trying to diversify its economy to be less dependent on oil and the country currently exports dates and bitumen – for road surfacing – to the UAE.
The UAE-based Crescent Petroleum operates in the semi-autonomous Kurdish Region of Iraq and has looked at the prospect of signing energy contracts in the south of the country.
“Sheikh Zayed, founder of the UAE, was the one who started this relationship, it was strong, prosperous and we are continuing on this road and this visit proves that,” he said.
“I’m optimistic about the future,” Sheikh Mohamed said.
Sheikh Mohamed told Mr Al Kadhimi that he wishes “from the bottom of his heart” that the relationship between Baghdad and Abu Dhabi prospers.
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Off-roading in the UAE: How to checklist
French business
France has organised a delegation of leading businesses to travel to Syria. The group was led by French shipping giant CMA CGM, which struck a 30-year contract in May with the Syrian government to develop and run Latakia port. Also present were water and waste management company Suez, defence multinational Thales, and Ellipse Group, which is currently looking into rehabilitating Syrian hospitals.
Closing the loophole on sugary drinks
As The National reported last year, non-fizzy sugared drinks were not covered when the original tax was introduced in 2017. Sports drinks sold in supermarkets were found to contain, on average, 20 grams of sugar per 500ml bottle.
The non-fizzy drink AriZona Iced Tea contains 65 grams of sugar – about 16 teaspoons – per 680ml can. The average can costs about Dh6, which would rise to Dh9.
Drinks such as Starbucks Bottled Mocha Frappuccino contain 31g of sugar in 270ml, while Nescafe Mocha in a can contains 15.6g of sugar in a 240ml can.
Flavoured water, long-life fruit juice concentrates, pre-packaged sweetened coffee drinks fall under the ‘sweetened drink’ category
Not taxed:
Freshly squeezed fruit juices, ground coffee beans, tea leaves and pre-prepared flavoured milkshakes do not come under the ‘sweetened drink’ band.
UPI facts
More than 2.2 million Indian tourists arrived in UAE in 2023
More than 3.5 million Indians reside in UAE
Indian tourists can make purchases in UAE using rupee accounts in India through QR-code-based UPI real-time payment systems
Indian residents in UAE can use their non-resident NRO and NRE accounts held in Indian banks linked to a UAE mobile number for UPI transactions
THE BIO
Ms Davison came to Dubai from Kerala after her marriage in 1996 when she was 21-years-old
Since 2001, Ms Davison has worked at many affordable schools such as Our Own English High School in Sharjah, and The Apple International School and Amled School in Dubai
Favourite Book: The Alchemist
Favourite quote: Failing to prepare is preparing to fail
Favourite place to Travel to: Vienna
Favourite cuisine: Italian food
Favourite Movie : Scent of a Woman
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The calling app is available to download on Google Play and Apple App Store
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Users can also invite other contacts to download ToTok to allow them to make contact through the app.
TICKETS
Tickets start at Dh100 for adults, while children can enter free on the opening day. For more information, visit www.mubadalawtc.com.
